summary
Introduced
05/12/2022
05/12/2022
In Committee
05/12/2022
05/12/2022
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To make price gouging unlawful, to expand the ability of the Federal Trade Commission to seek permanent injunc- tions and equitable relief, and for other purposes.
AI Summary
This bill, the Price Gouging Prevention Act of 2022, aims to make price gouging unlawful during exceptional market shocks, such as natural disasters or public health emergencies. It empowers the Federal Trade Commission (FTC) to enforce this prohibition, including through civil penalties and injunctions. The bill also requires certain publicly traded companies to disclose information related to pricing strategies and cost increases during exceptional market shocks in their SEC filings. Additionally, the bill provides $1 billion in funding to the FTC to carry out its work under the Act.
Committee Categories
Business and Industry
Sponsors (23)
Jan Schakowsky (D)*,
Nanette Barragán (D),
Jamaal Bowman (D),
André Carson (D),
David Cicilline (D),
Val Demings (D),
Adriano Espaillat (D),
Dwight Evans (D),
Pramila Jayapal (D),
Hank Johnson (D),
Mondaire Jones (D),
Ro Khanna (D),
Carolyn Maloney (D),
Jerry Nadler (D),
Marie Newman (D),
Eleanor Holmes Norton (D),
Katie Porter (D),
Bobby Rush (D),
Mary Gay Scanlon (D),
Darren Soto (D),
Mark Takano (D),
Rashida Tlaib (D),
Paul Tonko (D),
Last Action
Referred to the Committee on Energy and Commerce, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (on 05/12/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/7736/all-info | 05/13/2022 |
| BillText | https://www.congress.gov/117/bills/hr7736/BILLS-117hr7736ih.pdf | 05/18/2022 |
| Bill | https://www.congress.gov/117/bills/hr7736/BILLS-117hr7736ih.pdf.pdf | 05/18/2022 |
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